The U.S. Treasury is no longer anchored by foreign buyers or bank balance sheets. Crypto is now the marginal buyer. And that’s a problem.

Thank, AI Mode, I was just wondering what the gazillion dollar investment firm’s view on investing was. Now I’m simply one click away. Will report back soon.

Join millions who have switched to Grok.

A lot of people talk past each other bc zero conversations begin with “hey we might have a different time frame & strategy, and that’s okay”. Also, the implication you can only care about economics as it relates to trading is incredibly misguided. Not every analysis needs a PnL.

And poof, it’s gone!

RT @LHMacro: Policy rate usually lead the flow of goods by about 12m. Meaning any current policy has yet to work itself through shipping. S….

Best friend just got me a Gandalf pipe for my birthday. 100/10. No notes. You aren’t gonna believe how wise I am after this.

RT @deerpointmacro: @LHMacro Different but related. Flow of goods leads and that feeds into current account deficit/surplus, and the opposi….

I mean this 100% genuinely, the best part of this side of the internet is finding the people who are not only smart but are happy to share their thinking, helping to make you smarter. Lotta dbags & frauds on fintwit, but the good ones have taught me as much as anything else.

RT @deerpointmacro: Modeled impact of capital flows on 10-year yields. When people talk about what drives long-term interest rates, the fo….

Policy rate usually lead the flow of goods by about 12m. Meaning any current policy has yet to work itself through shipping. So regardless of what happens in September, are we looking at a slowdown in goods? Does that put a premium on them, thus pushing up pricing? Idk yet. But

Conks gettin a fit off? Knew I respected him.

RT @bibakart71: @fejau_inc @LHMacro Absolutely LHMacro’s breakdowns always hit hard revealing those deeper structural moves most miss until….

This was a good joke, you dorks don’t deserve me.

RT @Babak_TS: @fejau_inc @LHMacro A great analyst is a lighthouse in a sea of noise.

Wow, Santa was fed up.

RT @ForwardGuidance: Foreign buyers are retreating from Treasury auctions, leaving banks and dealers to absorb U.S. debt! . Luckily, Vangua….

Woah! This is awesome. Thank you @fejau_inc for the shoutout! I really appreciate it!.

RT @fejau_inc: Shoutout to @LHMacro for this data and these insights. Super fascinating situation hiding beneath the surface right now.

RT @KennyCap_Phd: @LHMacro dayyumm- Thiel needs a new skincare routine!.

Starts*.

“Well I didn’t think he would do what the rest of you had very clearly been saying he would do and also I sorta hoped the rest of the government would be better than him, the guy I just voted to be the best person in government” leadership stops from the top down & that’s obvious.